Description:

SAIPEM is an Italian oil and gas industry contractor based in Milan. It offers construction and offshore and onshore drilling services. The Company installs sub-sea pipelines, installs fixed platforms, manages complete onshore construction projects, and drills for oil mainly in Italy, Algeria, Nigeria, and the Arabian Peninsula.
The company has designed and constructed a number of pipelines such as Blue Stream and Greenstream. The company is listed on the Italian Borsa Stock Exchange and is a component of the Bora Italia.

Interesting Facts:

The company is based in over 60 countries and has over 46,000 employees.

Its fleet of onshore drilling rigs numbers approximately 110.

In April 2018 the company revealed it had been awarded a number of new rig contracts worth a total of nearly $200 million.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.